Home › a Plunging prices force oil majors to cut billions in spending
 

Keywords :   


a Plunging prices force oil majors to cut billions in spending

2015-01-26 15:38:08| Oil & Gas - Topix.net

The world's leading oil companies are reported to be planning a $28 billion cut in capital spending by 2017 to keep debt at a sustainable level at a time when oil prices continue to fall. Investment in exploration and development of oil and gas fields could drop by 20 percent by 2017 compared to last year, say analysts at Morgan Stanley as quoted by the FT .

Tags: prices force cut oil

Category:Energy and Environment

Latest from this category

All news
03.07Call2Recycle Launches Battery Recycling Program in Nova Scotia, Canada
03.07Hydrovolt Set to Open Battery Recycling Facility in Frances Battery Valley
03.07Eastmans Announces Molecular Recycling Facility Using Thermal Battery Tech in Texas
03.07EPAs PFAS Hazardous Substance Rule on the Horizon
03.07This Month in Waste: Top Stories for June 2024
02.07Greyparrot and VAN DYK Bring AI to MRFs Across the U.S.
02.07Grove Collaborative Announces New Sustainability Goals, Recommits to Moving the Industry Beyond Plastic
02.07Aldi Chops Off Pineapple Crowns in a New Trial to Save 1,400 Tonnes of Food Waste
Energy and Environment »
08.07Hurricane Beryl Update Statement
08.07Summary for Hurricane Beryl (AT2/AL022024)
08.07Hollywood icon Paramount agrees $28bn merger deal
08.07Hurricane Beryl Public Advisory Number 38A
08.07Atlantic Tropical Weather Outlook
08.07Eastern North Pacific Tropical Weather Outlook
08.07UK Amazon staff in protests over union recognition
08.07Keep an eye out for post-flood cattle health problems
More »